A confluence of global events — from the COVID-19 pandemic to economic downturn to social unrest and extreme weather — has put environmental, social and governance (ESG) issues front and center for businesses in all industries, according to a new study from the Equipment Leasing and Finance Foundation. The study, which The Alta Group prepared, reviewed key ESG elements and looked at their status in terms of strategy and the risks and opportunities they represent for the equipment finance industry.
The study includes:
“Many equipment leasing and finance companies have not yet fully developed ESG policies and procedures, which can materially impact their future success,” Tom Ware, research committee chair for the ELFF, said. “This comprehensive study provides valuable insights and actionable steps from equipment finance industry leaders who have strategic and tactical experience with ESG issues. It is an indispensable resource to assist organizations in furthering their ESG efforts or, if they have not started them, to give them guidance on where to begin.”
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